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Paybis Europe review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Paybis Europe is a custodial crypto exchange headquartered in Latvia, authorised for crypto asset services and payment services under a MiCA licence, so it suits European traders who want a locally licensed venue. It lists 100 to 999 coins, and the wallet holds keys rather than offering self-custody.

Key facts

Best for
EU-based traders who want a locally licensed exchange with a custodial in-app wallet.
Coins listed
100 to 999↗
Regulators
MiCA Crypto Asset Service Provider (Latvia), Payment Institution under PSD2 (Latvia), FinCEN Money Service Business, FINTRAC Money Service Business, Latvijas Banka↗
Fiat deposit methods
Card, Bank, SEPA, ACH, Apple-pay↗
Withdrawal fee
Network (miner) fee, Low/Medium/High selectable↗
Exchange type
Cex↗
Legal entity
SIA "Paybis Europe"↗
Headquarters
Latvia↗
Founded
2014↗
Support channels
Email, Chat, Help-centre↗
Features
Custodial
Official website
paybis.com

Facts checked September 26, 2026, 3 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
TrustpilotLinkedInXyoutube.com

Pros and cons

Pros

  • Registered in Latvia for crypto asset services under MiCA and for payment services, with Latvijas Banka appearing in the register
  • Coin list of 100 to 999 coins, a wide range for a European venue
  • Fiat deposits run through card, bank and sepa, covering card, bank transfer and local payment routes
  • Support runs on email, chat and help centre

Cons

  • The wallet is custodial, so keys sit with the exchange rather than with you
  • Support runs on email, chat and help centre only, with no phone line
  • Withdrawing to an external wallet adds Network (miner) fee, Low/Medium/High selectable
Paybis Europe

Ready to try Paybis Europe?

Scored 9.6 / 10 by SumCue.

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Who it suits

  • Traders in the EU who want a European licence rather than an offshore one
  • People who want to fund the account by card or bank transfer through card, bank and sepa
  • Holders who prefer a custodial wallet over managing their own keys

Who should look elsewhere

  • Traders who want to hold keys themselves, where 46% of the sites compared offer self-custody
  • Anyone wanting phone support, which 74.4% of the sites compared offer
  • Users who trade the longest coin lists, since from 350 sits above 100 to 999

The company behind it

Paybis Europe trades as SIA "Paybis Europe", is headquartered in Latvia and was founded in 2014. Latvian permissions cover crypto asset services under MiCA, licence 27-55/2026/6, and payment services, licence 27-55/2026/7. Latvijas Banka lists it as MiCA CASP MiCA CASP 259400LUESNGU5XM2J49, and US money service registration sits with FinCEN under 31000272911973. Support runs on email, chat and help centre.

How Paybis Europe compares

Where Paybis Europe is available

Available
Everywhere except Afghanistan, Belarus, Democratic Republic of the Congo, Central African Republic, Cuba, Ethiopia, India, Iraq, Iran, North Korea, Lebanon, Libya, Mali, Myanmar, Nicaragua, Palestine, Russia, Sudan, Somalia, South Sudan, Syria, Venezuela, Yemen
Licence in Latvia
MiCA Crypto Asset Service Provider (Latvia) (27-55/2026/6), checked September 26, 2026
Licence in Latvia
Payment Institution under PSD2 (Latvia) (27-55/2026/7), checked September 26, 2026
Licence in United States
FinCEN Money Service Business (31000272911973), checked September 26, 2026
Licence in Canada
FINTRAC Money Service Business, checked September 26, 2026
Licence in Latvia
Latvijas Banka (MiCA CASP 259400LUESNGU5XM2J49), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Frequently asked questions

What is Paybis Europe and where is it based?+

It is a custodial crypto exchange operating as SIA "Paybis Europe" in Latvia, founded in 2014. It runs as a centralised exchange rather than a decentralised one, so the listed coins are held on platform rather than in your own wallet.

Which regulators and licences does Paybis Europe hold?+

It holds Latvian permissions for crypto asset services under 27-55/2026/6 and for payment services under 27-55/2026/7. It also appears in the Latvijas Banka register as MiCA CASP MiCA CASP 259400LUESNGU5XM2J49, and in the US as a FinCEN money service business under 31000272911973.

How many coins can I trade on Paybis Europe?+

The exchange lists 100 to 999 coins, which compares with from 350 at bunq and from 150 at eToro. Coverage sits above the median of 71.5 across the sites compared, though the range at the top of the market reaches 9,000,000.

What does it cost to trade on Paybis Europe?+

Trading fees sit inside the range seen across the sites compared, where the median taker fee is 0.25% and the common band runs from 0.1% to 0.6%. Pulling crypto out to an external wallet also carries Network (miner) fee, Low/Medium/High selectable.

Which payment methods can I use to deposit fiat?+

Deposits run through card, bank and sepa. Bank transfer is the most common route on the sites compared at 92.4%, with card next at 53.8%. Local routes outside those two appear on a smaller share, at 23.4%.

Is the Paybis wallet custodial or self-custody?+

It is custodial, so the exchange holds the keys to your crypto. On the sites compared, 54% of wallets work this way against 46% for self-custody. You can still move holdings to an external wallet, paying Network (miner) fee, Low/Medium/High selectable on the way out.

How do I get help from Paybis Europe?+

Support runs on email, chat and help centre, so you reach the team by email, live chat or the help centre. Phone support is available on 74.4% of the sites compared, and a help centre on 79.6%, so the written channels are the ones to rely on here.

Who is Paybis Europe a good fit for?+

It suits European traders who want a locally licensed venue and a wide coin list, with 100 to 999 coins available. It also fits people paying in by bank transfer or card through card, bank and sepa. If you want a longer list, bunq offers from 350 coins; if you want self-custody, 46% of the sites compared offer it.

Sources

  • esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “ae_homeMemberState=LV”

  • paybis.com checked September 26, 2026

    Backs: Coins listed, Exchange type, Fiat deposit methods, Founded, Regulators, Support channels

    “Free Paybis Wallet for hundreds of cryptos”

  • paybis.com/crypto-wallet checked September 26, 2026

    Backs: Features

    “The Paybis wallet is a custodial wallet and hence it would not be possible to create an anonymous wallet at Paybis”

  • support.paybis.com/hc/en-us/articles/5572962372381-How-to... checked September 26, 2026

    Backs: Withdrawal fee

    “You must pay a network (miner) fee to process the transfer on the blockchain. Our system selects "Medium" by default, but you can adjust it”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Taker fee.

Paybis Europe

Paybis Europe

EU-based traders who want a locally licensed exchange with a custodial in-app wallet.

9.6/10See alternatives